However, many foreign banks and investment groups, including Australia’s ANZ, have already sold out of their interests in China, frustrated by the slow pace of reforms. Earlier this month, ANZ sold its 20 per cent…
Monthly Archives For January 2017
Foreign business skeptical of China’s promised opening
The State Council said on its website that China would lower restrictions on foreign investment in a broad range of financial services, plus telecommunications, the internet, culture, education and transport sectors. It also said it…
China preparing to retaliate against Trump on trade: business group
BEIJING — China is preparing to retaliate if U.S. President-elect Donald Trump raises duties on Chinese goods and already has toughened its stance, an American business group said Wednesday. Trump, who is due to be…
China economic growth to slow slightly this year as policymakers focus on risks
BEIJING (Reuters) – China’s economy will likely expand 6.5 percent this year as authorities tolerate a further slowdown so they can focus on containing increasing financial risks, but a weakening yuan will complicate their policy…
U.S. lobby says China protectionism fuelling foreign business pessimism
BEIJING (Reuters) – More than 80 percent of members of a U.S. business lobby in China say foreign companies are less welcome than in the past, a survey released on Wednesday showed, with most saying…
Stricter financial supervision needed before exchange rate flows freely
Xie Yaxuan, chief economist with China Merchants Securities, has said the country needs to strengthen financial supervision before allowing the yuan to float freely. He added, however, that a free-floating yuan will not be a…
Adia open to more investments in China
Sheikh Hamed bin Zayed, Adia’s managing director, told China Finance, a bimonthly journal, that steps to liberalise financial markets in China were promising and could lead to more investments in listed companies, fixed income, real…
China may allow foreign firms to launch IPOs
China may allow foreign companies to launch IPOs on its stock exchanges and issue corporate bonds, the government said, after President Xi Jinping promised the world his country was committed to opening its markets. The…
China Mobile Selects Brocade NFV Software Appliance to Support Internet Plus Mission
Mobile Giant to Break New Ground in China Service Provider Landscape with Leading-Edge SDN/NFV Deployment BEIJING, CHINA–(Marketwired – Jan 18, 2017) – Brocade (NASDAQ: BRCD) today announced that China Mobile Ltd (SEHK: 0941) (NYSE: CHL),…
China Mobile selects Brocade NFV Software Appliance
NEW DELHI: Brocade has announced that China Mobile, the world’s largest mobile communications service provider, has selected an advanced network functions virtualization (NFV) solution from Brocade to support its most strategic corporate development … (…
Huawei and China Unicom jointly complete world's first FDD Massive MIMO field verification
SHANGHAI, CHINA–(Marketwired – Jan 17, 2017) – Huawei, together with China Unicom Group, completed field verification of the industry’s first FDD-based Massive MIMO technology, using the existing two-antenna receiving terminal on the 20MHz spectrum to…
China to develop prototype super, super computer in 2017
China has poured money into big-ticket science and technology projects as it seeks to become a high-tech leader. But despite some gains the country’s scientific output still lags behind, and its universities generally fare poorly…
The 10 most powerful Chinese export brands
While many huge Chinese brands are unknown outside of China, several are now competitive on the world’s stage. On Tuesday, the first “BrandZ Top 30 Chinese Global Brand Builders” report was released by advertising holding…
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